Golden Sky Minerals Corp. Shareholders Approve Option and Joint Venture Agreement with Boliden
Rhea-AI Summary
Golden Sky Minerals (OTC: LCKYF) announced shareholder approval of an Option and Joint Venture Agreement with Boliden Mineral Canada, ratified by >95% of disinterested votes on November 12, 2025. Under the agreement Boliden may earn an 80% interest in the Rayfield copper-gold porphyry by funding C$20 million in staged exploration expenditures, after which a joint venture will form.
The deal folds Boliden's adjacent Gjoll property into a combined district of ~90,000 hectares, preserves Golden Sky's tight share structure with a free-carried 20% interest through discovery, and anticipates a 2026 exploration program including drilling. Transaction subject to TSX Venture final acceptance.
Positive
- Boliden to fund C$20 million exploration earn-in
- 80% earn-in option for Boliden with staged milestones
- Combined Rayfield-Gjoll district of ~90,000 hectares
- >95% disinterested shareholder approval for the agreement
- Golden Sky retains a free-carried 20% through discovery
Negative
- Transaction still subject to final TSXV acceptance
- Golden Sky diluted to 20% if Boliden completes earn-in
News Market Reaction
On the day this news was published, LCKYF declined 6.25%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Golden Sky Minerals Corp. (TSXV: AUEN) (OTC Pink: LCKYF) ("Golden Sky" or the "Company") is pleased to announce that at its annual and special meeting of shareholders (the "Meeting") held on November 12, 2025, a majority of disinterested shareholders approved the previously announced Option and Joint Venture Agreement (the "Agreement") with Boliden Mineral Canada Ltd., a wholly owned subsidiary of Boliden AB ("Boliden").
The shareholders have overwhelmingly approved the resolution, with more than
This partnership represents a cornerstone of Golden Sky's growth strategy, enabling the Company to advance a high-potential asset with reduced financial risk and minimal equity dilution. Boliden's commitment to fund up to C
Ongoing collaboration between Golden Sky and Boliden has already yielded aggressive groundwork, including airborne geophysics and geochemical surveys completed in 2025, with drilling planned to test multiple high-priority targets on the combined Rayfield-Gjoll land package. A strong initial intercept could catalyze a material re-rating of the Company, unlocking company making potential akin to gold-rich copper porphyries like New Afton or Mt. Polley.
John Newell, President and CEO of Golden Sky, commented:
"We are thrilled to see such resounding endorsement from our shareholders for this transformative partnership. With over
Looking ahead, the partnership will focus on designing and executing an ambitious 2026 exploration program that includes geophysical and geochemical surveys, detailed geological mapping, refined drill targeting, and an initial drilling campaign to test high-priority targets identified through previous exploration work.
Completion of the transaction remains subject to final acceptance by the TSX Venture Exchange.
For further details on the Agreement and the Rayfield-Gjoll Project, shareholders and interested parties are encouraged to review the Company's Management Information Circular dated October 10, 2025, available under Golden Sky's profile on SEDAR+ at www.sedarplus.ca.
About Golden Sky Minerals Corp.
Golden Sky Minerals Corp. is a well-funded junior grassroots explorer engaged in the acquisition, assessment, exploration, and development of mineral properties located in highly prospective areas and mining-friendly districts. Golden Sky's mandate is to develop its portfolio of properties to the mineral resource stage through systematic exploration.
Its portfolio includes the Rayfield-Gjoll Copper-Gold Project in British Columbia, the Hotspot and Luckystrike gold projects in Yukon, and the Auden Gold Project in Ontario's Timmins camp. Golden Sky's objective is to create value for shareholders through the discovery and development of world-class mineral deposits. The company was incorporated in 2018 and is headquartered in Vancouver, British Columbia, Canada.
On behalf of the board of Directors
John Newell, President & CEO
Contact Information:
Golden Sky Minerals Corp.
Phone: (604) 512-2329
Email: info@goldenskyminerals.com
Website: www.goldenskyminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Golden Sky has attempted to identify important factors and risks that could affect Golden Sky and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation: inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Golden Sky's expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that Golden Sky may not be able to confirm historical exploration results and other risks set forth in Golden Sky's public filings at www.sedarplus.ca. In making the forward-looking statements in this news release, Golden Sky has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Golden Sky does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274835
FAQ
What did Golden Sky (LCKYF) shareholders approve on November 12, 2025?
How can Boliden earn an 80% interest in Rayfield under the LCKYF agreement?
What is the size of the combined Rayfield-Gjoll land package in the LCKYF deal?
What ownership will Golden Sky (LCKYF) hold after Boliden completes the earn-in?
What exploration plans are scheduled for the Rayfield-Gjoll project in 2026?
